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Edited version of your private ruling
Authorisation Number: 1012525723408
Ruling
Subject: Fuel tax credits - fair and reasonable apportionment methodology
What is this ruling about?
This ruling considered whether the proposed method of calculating fuel tax credit entitlements for taxable fuel acquired and used in your activities was fair and reasonable.
The Commissioner ruled that calculating fuel tax credits in respect to taxable fuel acquired and used in your activities based on a 70/30% split as a fair and reasonable methodology of apportioning the fuel used in your concrete transit vehicle for the purpose of propelling the vehicle on public roads (70%) and for fuel used in powering the auxiliary equipment of the vehicle, including the fuel used in loading and unloading the concrete (30%).
This ruling applies for the following period/s:
2012-13 income year
2013-14 income year
2014-15 income year
The scheme commences on:
1 July 2012
Relevant legislative provisions
Fuel Tax Act 2006 Section 41-5
Fuel Tax Act 2006 Subdivision 41-B
Fuel Tax Act 2006 Section 41-20
Fuel Tax Act 2006 Section 43-5
Fuel Tax Act 2006 Subsection 43-5(2)
Fuel Tax Act 2006 Section 43-10
Fuel Tax Act 2006 Subsection 43-10(3)